Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.21.4
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Nov. 30, 2021
Nov. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,548,000) $ (1,435,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 571,000 51,000
Net change in fair value of marketable securities (3,000) 0
Non-cash lease expenses 7,000 0
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (91,000) 82,000
Accounts payable and accrued liabilities 132,000 (32,000)
Due to related parties 11,000 14,000
Fixed cash payments related to operating lease (5,000) 0
Net cash used in operating activities (1,926,000) (1,320,000)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from disposition of marketable securities 1,880,000 0
Investment in trading marketable securities, net (10,758,000) 0
Net cash used in investing activities (8,878,000) 0
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common shares for cash, net 18,262,000 6,579,000
Advance from related parties 0 1,000
Repayments to related parties 0 (1,000)
Net cash provided by financing activities 18,262,000 6,579,000
Effect of exchange rate changes on cash (40,000) (12,000)
Net change in cash and cash equivalents 7,418,000 5,247,000
Cash and cash equivalents - beginning of period 6,629,000 2,142,000
Cash and cash equivalents - end of period $ 14,047,000 $ 7,389,000